Sunday, November 18, 2018

Non-bank credit cards without foreign transaction fees in Canada

Visited the smart home pop up store at Eaton centre yesterday. Well, on that front everything is clear. Hey, Alexa, do this and that. Without please, obviously. 



Although, while we were waiting to start the tour, got targeted by an ad of a non-bank credit card. Brim Financial. Sounded really interesting - a credit card with modern digital support including the most attractive feature of not paying for currency conversion when traveling. Reminded me of Revolut - the app a lot of my European friends use for that.



Well, I’ve subscribed for Canadian access to Revolut back in May - no news since then.



Started browsing reviews and alternatives and got a bit (very!) disappointed.



This Brim turned out to be very likely a scam

Seems like Revolut (still not available here) can lock your account without an explanation and experiences big troubles with customer support


Also, discovered another card by N26, who offer even better currency exchange rates


which is, of course, still not available in Canada, and is $10 per month:


Seems like banks hold a monopoly on cards without foreign transaction fees




Did you come across anything worthy?